Mortgage Rates Today: Wells Fargo Purchase Packages Still Not Tempting Buyers

October 13, 2011 / Samantha Bartolata, Editor in Chief

Wells Fargo (NYSE:WFC) is one of a myriad of major US lenders which despite offering some excellent purchase deals for quite some time now, remains unable to generate the interest in the Market needed to make a significant difference.

Mortgage Rates Today: Wells Fargo Purchase Packages Still Not Tempting Buyers

With regard to the rates being advertised as of this Thursday morning, 30 year fixed term deals for purchase are at an attractive level of 4.250% and an APR of 4.433%, while the popular 15 year fixed alternative is at 4.500% and an attached APR of 3.817%.

For larger loan amount in certain areas the 30 year fixed rate today is being listed at 4.375% and an APR of  4.508%, while 30 year fixed Jumbo loans are available for 4.750% and a 4.886% APR.

Flexible terms include the popular 5/1 ARM package which today begins at 2.625% and a resulting APR of 3.122%.

The ongoing period of low rates was predicted to have originally ended some time ago, but precisely in line with the beliefs of millions of consumers, the days of excellent deals and packages are far from a thing of the past yet.

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